Gold and Silver Suffer Temporary Setback, Yet Fundamentals Unchanged

by Nathan McDonald
Sprott Money

Just as expected, gold and silver bullion have pulled back, suffering throughout the week as a renewed attack was presented against precious metals, causing wild gyrations and shaking out those who just recently “joined the party” and are historically considered “weaker hands” than those who have been dollar cost averaging into the price of precious metals over a longer, more challenging period of time.

Prices took a beating at the opening of the week, with the most severe trading action taking place throughout Tuesday. The price of gold bullion shed 4% of its price, a heavy, however very temporary loss to those who plan to hold for the longer term and who are not simply gambling on prices.

Continue Reading at…